enria. here he is speaking.e of the headlines here, the ecb raised capital requirements for 20 banks judging they did not have enough cash set aside to cover unpaid loans the move is part of the central bank push to ensure banks are prepared for a possible rise in loan delinquencies amid the higher rate environment. throughout all of the year, we have been talking about european bank performance, but so far not seeing a major credit deterioration. the ecb is beginning to get worried, but we know the tide is tur turning, and the ecb is probably cutting rates toward the end of 2024 we will see how it plays out on the loans with the bank books. >>> let's get back to our cfo of in nord sececurity. apologies for that interruption. you are a security provider for individuals and businesses how do you compete with the u.s. counterparts i know there are many companies in silicon valley focused with the rise of cloud computing and cloud security is a major theme. >> absolutely. that is a great question we compete in seve